Here is a checklist of things you'll need to submit with your mortgage application. While it's true that every circumstance is different, you might end yourself having to supply more paperwork anyhow. Please be accommodating if you are contacted for further details and supply them as quickly as feasible. This will make the application procedure go more quickly.

Your Property

  • Copy of signed sales contract including all riders
  • Verification of the deposit you placed on the home
  • Agents, brokers, insurers, and lawyers' names, addresses, and phone numbers
  • If available, please include a copy of the listing sheet and a legal description (if the property is a condominium please provide condominium declaration, by-laws, and most recent budget)

Your Income

  • Paycheck stubs covering the most recent 30 days and the entire year
  • Copies of your most recent two years' worth of W-2 forms
  • Provide the names and contact information for your last two employers.
  • In the event of a work gap during the past two years, please explain the circumstances in a cover letter.
  • Green card or work visa (copy front & back)

If you are self-employed or earn money from other sources (such as a bonus, interest, or rent):

  • Please submit your most recent two years' worth of complete tax returns, as well as a profit and loss statement for the current fiscal year. Please provide a copy of your extension paperwork if you've requested one.
  • Please double-check your tax return and attach any K-1 forms for the past two years for all partnerships and S-Corporations. K-1 forms are typically not included with 1040.
  • Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) for the prior two years, including any required schedules, statements, and addendums, duly completed and signed by the responsible officer. If you hold 25% or more of the company, you must fill out this form.

If you plan to rely on child support or alimony to meet the requirements:

  • Please include a copy of your divorce or court order specifying the amount, as well as a statement detailing your financial activity over the past year.

If you receive SSDI or VA benefits in addition to your Social Security income:

  • Documentation of funding and initial payment should come in the form of a letter of award from the relevant agency or organization.

Source of Funds and Down Payment

  • If you are selling your current home, please include a copy of the sales contract and a statement or listing agreement (if your home has not yet been sold; a settlement/closure statement will be required at closing).
  • Provide three months' worth of bank statements (savings, checking, or money market)
  • Stocks and bonds - please submit a copy of your certificate or a broker's statement.
  • If you are using a gift as a source of funds for the closing, you will need to submit a Gift Affidavit and a copy of the closing statement.
  • Your application and/or credit report may reveal a need for supplementary paperwork.

Debt or Obligations

  • Make sure you have copies of the most recent three months' worth of credit card, bank, and other bills as well as a complete list of all current debts with names, addresses, account numbers, balances, and monthly payments.
  • Mortgage and/or renter information for the past two years (including names, addresses, account numbers, amounts, and monthly payments)
  • Include a copy of the divorce decree or court order that established the alimony or child support payments.
  • The Application Fee has been paid by Check (s)